Top Spanish firms eye airport selloff
Madrid, September 3, 2011
Spanish infrastructure firms Acciona and FCC plan to bid for the country's two largest airports in a 5.3-billion euro ($7.52 billion) privatisation sale, a newspaper reported on Saturday.
Spain's government put Madrid's Barajas and Barcelona's El Prat airports up for sale in July to cut its borrowing needs and persuade financial markets its public finances are in order.
Citing sector sources, Cinco Dias newspaper added that Acciona would team up with Frankfurt airport operator Fraport to tender for the airports.
The paper said Ferrovial was also planning to throw its hat in the ring along with one of its partners in British airport operator BAA. It named toll-road Abertis as another suitor. – Reuters
More INTERNATIONAL NEWS Stories
- UK jets escort Pakistan plane, 2 arrested
- HSBC urges regulators to speed up reforms
- US sees jump in durable goods orders
- UK co-op bank halts loans to customers
- Jet Airways posts $89m quarterly loss
- Top US banks 'involved in mortgage abuse'
- UK police ponder conspiracy after soldier murder
- Truck strike may have caused US bridge collapse
- Icahn seeks up to $7bn for Dell bid
- London attacker British, of Nigerian origin